Petrobras reportedly in talks to buy Manguinhos refinery in Brazil

Brazil's government-run oil company Petrobras, is in talks to buy the local privately-owned refinery Refinaria de Petroleo Manguinhos SA for at least 2 billion Brazilian reais ($1.1 billion), a local newspaper said over the weekend. Petrobras and Manguinhos officials weren't immediately reached for comment.

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By ROGERIO JELMAYER

SAO PAULO -- Brazil's government-run oil company Petroleo
Brasileiro SA, or Petrobras, is in talks to buy the local
privately-owned refinery Refinaria de Petroleo
Manguinhos SA for at least 2 billion Brazilian reais ($1.1
billion), reported the local newspaper Folha de S.
Paulo over the weekend.

Petrobras is holding talks with Manguinhos' controller Grupo
Andrade Magno, said the newspaper, which didn't unveil where it
got the information.